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28 November 2024 | 10 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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1 December 2024 | 25 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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29 November 2024 | 18 replies
At the same time, I believe it’s important that we approach this situation calmly and constructively, as we both share the goal of resolving it efficiently and fairly.I did find your email to be pushing and impatient, which I didn’t appreciate.
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26 November 2024 | 5 replies
However, I wouldn't recommend this approach as it could lead to big trouble and fines (up to $10,000 per non-compliant message).
25 November 2024 | 11 replies
i am confident i can manage the relatively small amount of requests, and have heard some good things about apps and software that are a "one stop shop" for landlords that allow payment, leases, and repair requests. i have one out of state rental property with a plethora of options for handymen and contractors around. i have been paying a property management company 8% plus all of their inflated costs of repairs and fees and with insurance going up it has really opened my eyes to my margins not as healthy as i would like.do you have a certain product you have used or use or would recommend?
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9 December 2024 | 98 replies
Someone here said don’t invest anything you can’t afford to lose and that is our approach but we are bullish on cypto currency right now.
27 November 2024 | 7 replies
REITs offer a stock-market-like approach with no management required, while turnkey rental properties provide a fully passive income stream with minimal involvement.
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29 November 2024 | 9 replies
They use more of a flat fee approach.
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3 December 2024 | 26 replies
Alternatives include Stessa (free) and Buildium (more robust, pricier).For testing, a phased approach is generally best.